UK Economics Update King rules out quick fixes Bank of England Governor Mervyn King today underlined the message that there are no quick fixes for the problems in the UK mortgage and housing markets. This supports the view that further sharp falls... 11th September 2008 · 1 min read
Asia Economics Update Korean rates will fall soon despite hawkish statement Today’s decision by the Bank of Korea (BoK) to keep interest rates at 5.25% (after last month’s 25 basis points hike) was accompanied by a relatively hawkish policy statement. But we still expect the... 11th September 2008 · 1 min read
UK Markets Chart Pack Market rates fail to respond to US GSE bailout (Sep 08) We doubt that the US bailout of the Government Sponsored Enterprises Fannie Mae and Freddie Mac marks the end of the financial crisis. Indeed, the rebound in global equities has been short-lived and... 11th September 2008 · 1 min read
China Economics Focus Markets are wrong about the renminbi Markets appear to have all but given up on the idea that the renminbi will appreciate against the dollar over the next year. But we find nothing in the data on China’s real economy or in the outlook... 11th September 2008 · 1 min read
UK Economics Update US GSE rescue provides no pointers for the UK The US government’s initially well-received intervention to support the Government Sponsored Enterprises (GSEs), Fannie Mae and Freddie Mac, has prompted debate over the case for similar sort of... 10th September 2008 · 1 min read
US Economics Focus GSE bailout could wreck Federal budget, but worth the risk 10th September 2008 · 1 min read
Asia Economics Update Policy rethink ahead in China as inflation subsides Today’s trade and inflation data from China open the door to a series of policy adjustments, including to fuel pricing, but an end to currency appreciation is unlikely to be among them. 10th September 2008 · 1 min read
Emerging Europe Economics Update Turkey: Sharp slowdown a sign of things to come 10th September 2008 · 1 min read
China Economics Update Policy rethink ahead in China as inflation subsides Today’s trade and inflation data from China open the door to a series of policy adjustments, including to fuel pricing, but an end to currency appreciation is unlikely to be among them. 10th September 2008 · 1 min read
Global Markets Update Little reason to expect US swap spreads to narrow further 9th September 2008 · 1 min read
UK Economics Focus Lower trend growth won’t stop inflation falling The credit crunch, high oil prices and slowdown in migration may have reduced the economy’s potential or “trend” rate of growth. But this won’t stop the impending recession from creating a large... 9th September 2008 · 1 min read
